FalconStor Software, Inc. (FALC) Upgraded to “Hold” at ValuEngine

FalconStor Software, Inc. (NASDAQ:FALC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, September 11th.

Shares of FalconStor Software (NASDAQ:FALC) traded down 31.9556% during midday trading on Monday, reaching $0.3062. The company’s stock had a trading volume of 2,139,233 shares. FalconStor Software has a 52 week low of $0.14 and a 52 week high of $1.10. The firm’s market capitalization is $13.65 million. The firm’s 50 day moving average is $0.34 and its 200 day moving average is $0.32.

FalconStor Software (NASDAQ:FALC) last announced its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share for the quarter. The firm had revenue of $6.73 million for the quarter. Equities analysts forecast that FalconStor Software will post ($0.18) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “FalconStor Software, Inc. (FALC) Upgraded to “Hold” at ValuEngine” was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://baseballnewssource.com/markets/falconstor-software-inc-falc-upgraded-to-hold-by-valuengine/1635259.html.

In other news, major shareholder Esw Capital, Llc acquired 1,382,884 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $0.37 per share, with a total value of $511,667.08. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 23.40% of the stock is currently owned by insiders.

An institutional investor recently raised its position in FalconStor Software stock. Virtu KCG Holdings LLC grew its position in FalconStor Software, Inc. (NASDAQ:FALC) by 1,043.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,350 shares of the software maker’s stock after buying an additional 372,624 shares during the quarter. Virtu KCG Holdings LLC owned 0.92% of FalconStor Software worth $106,000 as of its most recent SEC filing. 19.61% of the stock is owned by institutional investors and hedge funds.

FalconStor Software Company Profile

FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for FalconStor Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FalconStor Software Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.